Exelon Corporation (EXC)

Days of sales outstanding (DSO)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Receivables turnover		6.44	6.32	6.53	5.72	5.33	5.40	5.86	6.01	3.50	4.72	5.79	6.09	7.02	7.75	7.75	6.26	7.19	6.47	6.51	7.90
DSO	days	56.64	57.79	55.91	63.82	68.48	67.54	62.30	60.68	104.30	77.25	63.04	59.98	51.96	47.10	47.10	58.27	50.80	56.41	56.09	46.19

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.44
= 56.64

The days of sales outstanding (DSO) for Exelon Corp. have shown some fluctuations over the past eight quarters. In Q1 2022, the DSO was at its lowest point of 34.95 days, indicating that on average, it took the company approximately 35 days to collect payments for its sales. This was followed by a slight increase in Q2 2022 to 41.39 days.

Subsequently, the DSO decreased significantly in Q3 2022 to 52.07 days before rising slightly in Q4 2022 to 68.13 days. The trend reversed again in Q1 2023, with a DSO of 63.48 days, indicating a longer collection period for sales. However, in the most recent quarters, the DSO has been showing improvement, with values of 55.59 days, 57.52 days, and 56.46 days in Q2 2023, Q3 2023, and Q4 2023, respectively.

Overall, the DSO for Exelon Corp. has been somewhat volatile but has generally shown a downward trend since Q4 2022, suggesting potential efficiency in the company's accounts receivable management and collection process. Nevertheless, management should continue to monitor and optimize the DSO to ensure timely collections and healthy cash flow operations.